London stocks rally after Wall Street rebound

The FTSE 100 has opened in positive territory after a commodities bounce-back lifted Wall Street yesterday.

Shortly after opening London's leading index had advanced 0.5% to 5,979, as mining stocks benefited from yesterday's rebound in commodity prices which saw oil crude futures rise 1.5%.

London has taken its lead from Wall Street's strong showing which finished 0.5% up yesterday as investors were buoyed by the commodities rebound and positive jobs data.

Miners are propping up the FTSE, with Lonmin, Vedanta Resources and Anglo American all advancing over 1%. Chip maker ARM holdings lies in pole position, up 1.7%.

The positive sentiment is mirrored throughout Europe, with France's Cac 40 up 0.7% and Germany's Dax ticking up 0.6%.

In Asia, however, markets were more subdued, with Japan's Nikkei 225 down 0.7%.

Today's bright start to trading in London follows a poor showing yesterday when mining stocks dragged the index into the red amid sinking commodity prices.